30 Year US Treasuries

I've added to the TLT position here this morning @ 94.79. A 20 week low should be forming right here for long bonds. If the TLT trendline fails or prices drop below 94 and stay below that level beyond this week, I'll reconsider the bullish prospects.
cheers,
john

"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain

I've added to the TLT position here this morning @ 94.79. A 20 week low should be forming right here for long bonds. If the TLT trendline fails or prices drop below 94 and stay below that level beyond this week, I'll reconsider the bullish prospects.

Stopped out on 1/2 the position @ 94. Rest may go today.

cheers,

john

"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain

John,
My assumption is you still think treasuries are about to make an important low here ?
It would make sense for for us to see a flight into bonds shortly if the intermediate-term decline we've all been waiting for is finally underway (based on the DX, it looks like we may have finally made a real top in SPX at mid-Oct)

"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months

hi Aly,
I had expected bonds to catch a bid already last week in anticiaption of the coming stock market correction. So this week's weakness in TLT is a bit of a surprise. My mental stop is around 94 and that uptrendline. TLT is 21 weeks along off the summer lows, so if bullish, it has to start heading up from here. I'll wait now for confirmation of a bullish resolution. I still hold some Canadian bond ETFs.
cheers,
john

"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain